1999 HRA Resolution 0706
HRA RESOLUTION NO. 706
RESOLUTION AUTHORIZING APPROVAL OF MODIFICATIONS TO THE HOME
REHABILITATION DEFERRED LOAN PROGRAM
WHEREAS
, the Richfield Housing and Redevelopment Authority provides a
Rehabilitation Deferred Loan Program which utilizes Hennepin County provided CDBG
funds to assist lower income homeowners with rehabilitating their homes; and
WHEREAS
, the program’s Procedural Guide was approved by the HRA in 1998
and is modified periodically as program requirements and needs dictate; and
WHEREAS
, Richfield staff has identified modifications to update the program’s
Procedural Guide; and
WHEREAS
, the HRA has reviewed the modification.
NOW, THEREFORE, BE ITRESOLVED
by the Housing and Redevelopment
Authority in and for the City of Richfield, Minnesota that the Richfield Rehabilitation
Deferred Loan Program Procedural Guide will be modified to allow for the forgiveness of
that portion of the Deferred Loan that provides for accessibility improvements.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 15th day of March, 1999.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary